Unless you’ve been living in a fallout shelter for the past 18 months, you are quite aware that we are in an economic recession. And, with news swirling around about layoffs, failed businesses, foreclosures and more, it may be no surprise that the travel industry is also hurting. The result has been lower airfares and cut-rate hotel rooms. In fact, an article from the Business Standard reports that global hotel prices drop 17% to their lowest in 5 years—and hotels in Europe and the U.S. have been especially hard hit.
So, what does this mean for us? Now is actually a great time to take advantage of some stellar travel deals and travel. If you take advantage of some of the low prices on airfare to Europe, Priceline is now offering discounted hotel rooms at many European hotels. PricelineEurope.com – Discounted Hotels in 63 Countries Worldwide